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29Metals Limited (29M.AX)

AUD0.23 -0.01 (-2.13%)
AU ASX Basic Materials Other Precious Metals
Address 150 Collins Street 3000
Melbourne, VIC, AU
CEO James Palmer
IPO 2021-07-02
ISIN AU0000157067

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Description

29Metals Limited is engaged in the exploration, development, and extraction of base and precious metals, with a particular emphasis on copper. The firm actively searches for mineral deposits containing copper, zinc, gold, and silver. Its portfolio of assets includes the Golden Grove property in Western Australia, the Capricorn Copper operation in Queensland, and the Redhill project in southern Chile. Formed in 2021, 29Metals Limited maintains its head office in Melbourne, Australia.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
AUD0.23 -0.01 (-2.13%)
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Volume Profile
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Liquidity & share structure
Average Volume
7M
Beta
0.95
Float Shares
925.35M
Free Float %
67.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+5.77% +0.00% +14.58% -32.10% -29.49% -51.26% +37.50% -52.63% -84.46% -84.46% -84.46%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
0.23
Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 -2
Hold 6 +1
Sell 1 0
Strong Sell 1 0
Quality scores
Altman Z-Score
0.18
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Other Precious Metals: +13.2%
    +2.8% Q4'25: +41.7% (vs Q4'23)
  • EPS growth Other Precious Metals: +50.2%
    +106.7% Q4'25: +96.1% (vs Q4'23)
  • FCF margin FCF growth · Other Precious Metals: +23.8%
    -17.5% Q4'25: -14.1% (vs Q4'23)
  • EBIT margin Other Precious Metals: +5.1%
    -3.0% Q4'25: -1.5% (vs Q4'23)
  • ROIC Other Precious Metals: +2.2%
    -2.8% Q4'25: -2.8% (vs Q4'23)
  • Share dilution Other Precious Metals: -3.0%
    +105.4% Q4'25: +111.8% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Other Precious Metals: 0.37×
    2.51× Q4'25: 1.22× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.92) × ERP
WACC = 60% × Ke + 40% × Kd (8.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 0.23
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
7 Rev. Ana.
4 EPS Ana.
Dec 2027
6 Rev. Ana.
3 EPS Ana.
Dec 2028
5 Rev. Ana.
3 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Dec 2030
2 Rev. Ana.
1 EPS Ana.
Revenue
600.76M
est: 769.50M (-21.9%)
714.01M
est: 798.90M (-10.6%)
449.75M
est: 457.74M (-1.7%)
551.06M
est: 641.80M (-14.1%)
566.30M
est: 569.68M (-0.6%)
525.50M
474.99M – 560.58M
-7.8% YoY
680.59M
597.68M – 771.25M
+29.5% YoY
763.72M
762.65M – 764.80M
+12.2% YoY
963.81M
857.28M – 1.06B
+26.2% YoY
686.00M
610.18M – 757.37M
-28.8% YoY
EBITDA
147.18M
est: 68.37M (+115.3%)
144.14M
est: 70.98M (+103.1%)
-230.93M
est: 18.81M (-1,327.5%)
42.24M
est: 26.38M (+60.2%)
110.67M
est: 23.41M (+372.7%)
21.60M
19.52M – 23.04M
-7.8% YoY
27.97M
24.56M – 31.70M
+29.5% YoY
31.39M
31.34M – 31.43M
+12.2% YoY
39.61M
35.23M – 43.73M
+26.2% YoY
28.19M
25.08M – 31.13M
-28.8% YoY
EBIT
44.52M
est: -92.22M (+148.3%)
-49.97M
est: -95.74M (+47.8%)
-355.38M
est: -85.27M (-316.8%)
-63.41M
est: -119.56M (+47.0%)
-17.16M
est: -106.13M (+83.8%)
-97.90M
-104.43M – -88.49M
+7.8% YoY
-126.79M
-143.68M – -111.34M
-29.5% YoY
-142.27M
-142.48M – -142.07M
-12.2% YoY
-179.55M
-198.23M – -159.70M
-26.2% YoY
-127.79M
-141.09M – -113.67M
+28.8% YoY
Net Income
121.01M
est: 95.17M (+27.2%)
-47.22M
est: -17.97M (-162.8%)
-440.46M
est: -548.77M (+19.7%)
-177.61M
est: -161.23M (-10.2%)
24.17M
est: 24.17M (+0.0%)
-118.06M
-122.24M – -50.26M
-588.4% YoY
47.86M
18.21M – 65.04M
+140.5% YoY
64.42M
30.29M – 75.79M
+34.6% YoY
90.07M
77.13M – 102.25M
+39.8% YoY
75.01M
64.23M – 85.15M
-16.7% YoY
SGA
18.63M
est: 72.19M (-74.2%)
33.47M
est: 74.95M (-55.3%)
139.83M
est: 53.44M (+161.7%)
33.24M
est: 74.92M (-55.6%)
76.22M
est: 66.50M (+14.6%)
61.35M
55.45M – 65.44M
-7.8% YoY
79.45M
69.77M – 90.04M
+29.5% YoY
89.16M
89.03M – 89.28M
+12.2% YoY
112.52M
100.08M – 124.22M
+26.2% YoY
80.08M
71.23M – 88.42M
-28.8% YoY
EPS
0.42
est: 0.13 (+222.4%)
-0.10
est: -0.02 (-283.7%)
-0.80
est: -0.37 (-117.8%)
-0.24
est: -0.11 (-122.4%)
0.02
est: 0.00 (+249.6%)
-0.06
-0.08 – -0.03
-1,291.9% YoY
0.03
0.01 – 0.04
+148.8% YoY
0.03
0.02 – 0.05
+23.0% YoY
0.06
0.05 – 0.07
+80.1% YoY
0.05
0.04 – 0.06
-16.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C+ 2/5 1/5 3/5 4/5 1/5 1/5 3/5
2026-05-28 C+ 2/5 1/5 3/5 4/5 1/5 1/5 3/5
2026-05-27 C+ 2/5 1/5 3/5 4/5 1/5 1/5 3/5
2026-05-26 C+ 2/5 1/5 3/5 4/5 1/5 1/5 3/5
2026-05-25 C+ 2/5 1/5 3/5 4/5 1/5 1/5 3/5
2026-05-22 C+ 2/5 1/5 3/5 4/5 1/5 1/5 3/5
2026-05-21 C+ 2/5 1/5 3/5 4/5 1/5 1/5 3/5
2026-05-20 C+ 2/5 1/5 3/5 4/5 1/5 1/5 3/5
2026-05-19 C+ 2/5 1/5 3/5 4/5 1/5 1/5 3/5
2026-05-18 C+ 2/5 1/5 3/5 4/5 1/5 1/5 3/5
2026-05-15 B- 2/5 1/5 3/5 4/5 1/5 2/5 3/5
2026-05-14 B- 2/5 1/5 3/5 4/5 1/5 2/5 3/5
2026-05-13 B- 2/5 1/5 3/5 4/5 1/5 2/5 3/5
2026-05-12 B- 2/5 1/5 3/5 4/5 1/5 2/5 3/5
2026-05-11 B- 2/5 1/5 3/5 4/5 1/5 2/5 3/5
2026-05-08 B- 2/5 1/5 3/5 4/5 1/5 2/5 3/5
2026-05-07 B- 2/5 1/5 3/5 4/5 1/5 2/5 3/5
2026-05-06 B- 2/5 1/5 3/5 4/5 1/5 2/5 3/5
2026-05-05 B- 2/5 1/5 3/5 4/5 1/5 2/5 3/5
2026-05-04 B- 2/5 1/5 3/5 4/5 1/5 2/5 3/5
2026-05-01 B- 3/5 1/5 3/5 5/5 1/5 2/5 3/5
2026-04-30 B- 3/5 1/5 3/5 5/5 1/5 2/5 3/5
2026-04-29 B- 2/5 1/5 3/5 5/5 1/5 1/5 3/5
2026-04-28 B- 2/5 1/5 3/5 5/5 1/5 1/5 3/5
2026-04-27 B- 2/5 1/5 3/5 5/5 1/5 1/5 3/5
2026-04-24 B- 2/5 1/5 3/5 5/5 1/5 1/5 3/5
2026-04-23 B- 2/5 1/5 3/5 5/5 1/5 1/5 3/5
2026-04-22 B- 2/5 1/5 3/5 5/5 1/5 1/5 3/5
2026-04-21 B- 2/5 1/5 3/5 5/5 1/5 1/5 3/5
2026-04-20 B- 2/5 1/5 3/5 5/5 1/5 1/5 3/5
2026-04-17 B- 2/5 1/5 3/5 5/5 1/5 1/5 3/5
2026-04-16 B- 2/5 1/5 3/5 5/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-90.18M
OE per share TTM
-0.20
Owner's Yield
-22.08%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
121.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 34 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Sprott Junior Copper Miners ETF COPJ 0.85% 1.25M 0.75%
2 BetaShares - Australian Small Companies Select ETF SMLL.AX 0.23% 537.2K 0.39%
3 Sprott Copper Miners ETF COPP 0.08% 210.4K 0.66%
4 Sprott Critical Materials ETF SETM 0.02% 117.0K 0.65%
5 Avantis International Small Cap Value ETF AVDV 0.02% 3.30M 0.36%
6 State Street SPDR S&P International Small Cap ETF GWX 0.01% 89.4K 0.40%
7 Dimensional - International Small Cap Value ETF DISV 0.01% 479.3K 0.42%
8 Avantis Global Small Cap Value UCITS ETF AVGS.L 0.01% 72.0K 0.39%
9 Dimensional - International Small Cap ETF DFIS 0.01% 361.2K 0.39%
10 Schwab International Small-Cap Equity ETF SCHC 0.01% 318.0K 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-15.2K
Shares Outstanding
1.37B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
James Palmer Chief Executive Officer 1M male
Peter Herbert Chief Financial Officer 855.6K male
Ed Cooney Chief Operating Officer 803.9K male
Lucas Williams Group Executive of Geology & Exploration male
Melinda Shiell Company Secretary and Group Executive of Governance & Secretariat female
Michael Slifirski Group Manager of Investor Relations male
Scott Campbell Marketing Manager
Adrianna Quinn Group Executive of People & Culture female
Walter Muehlebach Chief Executive Officer of Redhill male
Grace Fong Group Financial Controller
Kristian Stella Group Executive of Corporate Development
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits